At $88.57 per square foot, Huy Tuyet Tran got a solid price on a 10,500-square-foot warehouse he recently purchased from Vivid Ink Graphics, especially considering the 6,500 square feet of warehouse space in the building is climate controlled and has 31 tons of heating, ventilation and air conditioning.
As Daily Report first reported, Vivid Ink sold the building at 11670 Cedar Park Ave. for $930,000 in a deal that closed last week.
Mark Hebert with Kurz & Hebert Commercial Real Estate, who brokered the transaction, says this building was the last of nine total properties he has sold for Vivid Ink since the Baton Rouge-based sign maker and print shop bought the 31,000-square-foot building at the Florida Boulevard and Airline Highway intersection last year and consolidated its operations there.
“We had the building under contract with another purchaser for $950,000. That didn’t close, but we had a lot of interest from other purchasers and had a backup agreement for $930,000 from Tran relatively quickly and he closed on the deal,” Hebert says. “The building was not but about six or seven years old and worked perfectly for what the new owners were going to use it.”
Tran imports LED lights and signs from China. Joe Cashio with Cashio Realty, who represented the buyer, says Tran should be able to move in within the next few weeks without needing any renovations.
“We had been looking for some climate controlled space and it is scarce, so when Mark called to let me know the building was available we jumped on it,” Cashio says.
